Loan Comparison: 3.69% vs 6.5%
10050 Gunnison Place, Aurora, CO 80247 · 2bd/2ba · $309,900
List Price
$309,900
Assumable Rate
3.69%
Remaining Balance
$233,878
Equity Gap
$76,022
Loan Type
FHAAdjust Your Scenario
$15,495
$15,495$76,022
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 3.69% (FHA)
Blended Rate: 4.47%
Monthly Payment Comparison
New Conventional @ 6.5%
$1,861/moAssumable @ 3.69% + gap loan
$1,498/moAssumed loan: $1,075/mo
Gap financing: $423/mo
$362less per month with the assumable
Your Savings on This Property
10050 Gunnison Place, Aurora · 3.69% FHA vs 6.5% conventional
$362
per month
$4,349
per year
$130,481
over 30 years
$130,481
interest saved
How gap financing works: The equity gap ($76,022) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($15,495, 5% of purchase price) and a second mortgage for the rest ($60,527 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
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